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    KUWAIT CRYPTOCURRENCY MINING CRACKDOWN

    In the 1920s, Madrid, New Mexico, grew into a coal-mining town of 2,500; by 1960, only two families remained as demand for coal declined

    Once a bustling coal mining hub, Madrid, New Mexico, boasted around 2,500 residents until the arrival of natural gas in 1949 prompted a swift decline in coal usage. By 1960, only two families remained amidst a landscape of deserted homes and shops. However, the 1970s ushered in a renaissance as artists and craftsmen rejuvenated the area, transforming Madrid into a vibrant tourist attraction while preserving its rich mining history.

    Deutsche Bank launches digital asset custody service for paying clients

    Deutsche Bank launches its digital asset custody service for institutional and corporate clients, offering secure storage for cryptocurrencies including Bitcoin and Ether. The move strengthens its digital asset strategy, with plans for potential Asian expansion and collaboration with DWS to develop regulated digital asset infrastructure.

    Trump immigration crackdown continues after Republican midterm defeat as arrests reported across US

    US President Donald Trump's immigration crackdown has continued despite Republicans losing control of Congress in the midterm elections, with arrests reported across several states. Immigration officers have detained migrants at hospitals, airports and during routine journeys, including two Venezuelan college students, an Argentine couple seeking asylum and an eight-year-old Haitian boy.

    Bitcoin drops below $75,000 as strong US jobs data and ETF outflows weigh on crypto markets

    The price of Bitcoin has recently fallen under $75,000, as strong US job data signals potential tightening of monetary policies. Trading at $74,796, Bitcoin is dealing with considerable strain from ETF outflows and liquidations. Analysts predict that regaining the $76,000 threshold could enhance its prospects. Additionally, Ethereum is under pressure, requiring a rise above $2,230 to gain any positive traction in the current volatile cryptocurrency market.

    Trump says Iran war's 'militarily' over, but US 'locked and loaded'

    US President Donald Trump expressed that the military conflict in Iran is essentially concluded. He indicated that military action is not currently deemed necessary, while the US is prepared for any changes. Trump also mentioned ongoing negotiations with Iran, hinting at a potential agreement that could stave off further military actions. Despite this, US military operations remain active, including recent strikes against Iranian targets.

    Grey zone in Indian payment laws: Crypto goes shopping in rupee using QR-linked loophole

    Unified payments interface is now being used for buying cryptocurrencies through applications like goat.cash. Consumers can conveniently convert their cryptocurrencies, such as USD Coins, to pay vendors for goods. This involves scanning QR codes and entering necessary details, which facilitates quick transactions. Intermediaries help complete the process by converting USDC to rupees for vendors. Additionally, stable coins often trade at a premium within the Indian market.

    The Economic Times
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